• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Textured Jersey Lanka Q2 FY'14 bottom line surges 68%

02 Nov '13
4 min read

Mr. Bill Lam continued to mention in his statement that as a result of the impressive performance during the quarter and the strong balance sheet, TJL was able to achieve its final result of Rs. 263mn net profit for 2Q FY2013/14, growing 68% year-on-year.

Mr. Lam stated that the order book for the next six months remains strong and the company is poised to report a steady profit growth in the second half of the financial year as well.However, he pointed out that the growth in the next half may not be as significant as the first on a year-on-year basis, due to the exceptional performance during the latter half of the previous year.

Talking about the customers, Mr. Lam mentioned, "TJL's focus on providing customer driven solutions through flawless execution while maintaining industry-leading quality standards have helped build strong relationships over the years with strategic customers such as Intimissimi, Victoria's Secret, Marks & Spencer, Decathlon and DBA brands. Further, TJL continues to develop growing interest from emerging brands as well."

He also mentioned, "The European business has shown significant growth during the past year led by Intimissimi, Decathlon and DBA brands, which was mainly driven through product and service innovation. This is clearly evident by the company's healthy order book to date."

In conclusion, Mr. Lam stated that given all the factors mentioned in his statement, the management remains confident of sustaining growth and delivering value to shareholders on a continual basis.

Brandix

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search